X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
SITI NETWORKS LTD Announces Quarterly Results (1QFY19); Net Profit Up 271.6%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

SITI NETWORKS LTD Announces Quarterly Results (1QFY19); Net Profit Up 271.6%
Fri, 10 Aug

SITI NETWORKS LTD has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

SITI NETWORKS LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m3,6503,5573,501-1.6%-4.1%
Other incomeRs m62142477.0%-61.1%
TurnoverRs m3,7113,5703,524-1.3%-5.0%
ExpensesRs m2,6392,6842,7331.9%3.6%
Gross profitRs m1,01055774233.3%-26.5%
DepreciationRs m726908888-2.2%22.4%
InterestRs m33138044517.1%34.5%
Profit before taxRs m15-718-568-3986.2%
TaxRs m167-12-1-100.7%
Profit after taxRs m-152-706-567
Gross profit margin%27.715.621.2
Effective tax rate%1,143.51.70.2
Net profit margin%-4.1-19.8-16.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 4.1% on a year-on-year (YoY) basis. The expenses were up by 3.6% YoY during the same period.
  • The company's operating profit declined by 26.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.2% in 1QFY19 as against 27.7% in 1QFY18.
  • Depreciation charges and finance costs increased by 22.4% YoY and 34.5% YoY, respectively.
  • Other income declined by 61.1% YoY during the quarter.
  • Net profit for the quarter increased by 271.6% YoY. Net profit margins during the quarter declined from -4.1% in 1QFY18 to -16.1% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.9% QoQ during the same period.
  • The company's operating profit increased by 33.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.2% in 1QFY19 as against 15.6% in 4QFY18.
  • Net profit for the quarter declined by 19.8% QoQ, while net profit margins increased from -19.8% in 4QFY18 to -16.1% in 1QFY19.

To see how SITI NETWORKS LTD has performed over the last eight quarters, please visit here.

SITI NETWORKS LTD Share Price Performance

Over the last one year, SITI NETWORKS LTD share price has moved up from Rs 24.8 to Rs 12.8, registering a Loss of Rs 12.0 or around 48.3%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,456.5 (up 0.3%). Over the last one year it has moved up from 5,788.7 to 7,456.5, a gain of 1,668 points (up 28.8%).

Overall, the S&P BSE SENSEX is up 19.1% over the year.

Current Valuations

At the current price of Rs 12.8, the price to book value (P/BV) ratio of SITI NETWORKS LTD stands at 1.5 times.

Equitymaster requests your view! Post a comment on "SITI NETWORKS LTD Announces Quarterly Results (1QFY19); Net Profit Up 271.6%". Click here!

  

Related Views on News

SITI NETWORKS LTD Announces Quarterly Results (4QFY18); Net Profit Up 9.0% (Quarterly Result Update)

Jul 20, 2018 | Updated on Jul 20, 2018

For the quarter ended March 2018, SITI NETWORKS LTD has posted a net profit of Rs 706 m (up 9.0% YoY). Sales on the other hand came in at Rs 4 bn (up 9.3% YoY). Read on for a complete analysis of SITI NETWORKS LTD's quarterly results.

GTPL Hathway Ltd. (IPO)

Jun 21, 2017

Should one subscribe to the IPO of GTPL Hathway Ltd?

S Chand and Company Ltd. (IPO)

Apr 26, 2017

Should you subscribe to the IPO of S Chand and Company Limited?

More Views on News

Most Popular

You Can Buy Select Auto Stocks Now for Big Long-Term Returns(The 5 Minute Wrapup)

Oct 17, 2018

Irrespective of the earnings hiccups, these businesses be setting new profit records.

IPO Market Feels the Heat of the Market Crash(Sector Info)

Oct 12, 2018

The sentiments in primary market have also deteriorated amid the stock market correction. Most listed IPOs of 2018 are trading below their issue price.

Stop! Read This Before You Cancel Your SIPs(Profit Hunter)

Oct 11, 2018

Read this before you stop your SIP's in equity mutual funds.

Even If IL&FS Group Brought This Correction, this is Right Time to Buy & Sit Tight!(Chart Of The Day)

Oct 12, 2018

Even if IL&FS is the culprit, it may turn out to be a hero if you buy right and sit tight.

Why Oil Cannot Be Sold to India in Rupees(Vivek Kaul's Diary)

Oct 16, 2018

Oil is bought and sold internationally in terms of dollars. And any change to this, will be attacking the exorbitant privilege of the US dollar.

More

Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

SITI NETWORKS LTD SHARE PRICE


Oct 23, 2018 (Close)

TRACK SITI NETWORKS LTD

  • Track your investment in SITI NETWORKS LTD with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON SITI NETWORKS LTD

SITI NETWORKS LTD - FAME INDIA COMPARISON

COMPARE SITI NETWORKS LTD WITH

MARKET STATS